Understanding the Recession that started in December 2007
Posted on December 29, 2009 - Filed Under Economy | Leave a Comment
On December 1, 2008, the NBER announced that a recession in the US started in December 2007 (for more about how the NBER came to this conclusion, see here; for the NBER announcement, see here). [Note that after this article was initially posted, the data have been updated and the table includes updates; see below [...]
Read More..>>US Inflation After the Recession of 2007-2009
Posted on December 29, 2009 - Filed Under Economy | Leave a Comment
To combat the economic slowdown and credit crisis of 2007-2009, the Fed took actions that were beyond anything attempted in the last 50 years; interest rates were cut to virtually zero and the Fed massively expanded its balance sheet by purchasing (in addition to the usual Treasury Bills) Treasury Bonds and Mortgage Backed Securities from [...]
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